A company's income statement showed the following: net income, $130,000; depreciation expense, $38,000; and gain...
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Accounting
A company's income statement showed the following: net income, $130,000; depreciation expense, $38,000; and gain on sale of plant assets, $12,000. The company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,000; merchandise inventory increased $26,000; prepaid expenses increased $7,800; accounts payable increased $5,000. Calculate the net cash provided or used by operating activities.
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$138,200.
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$179,800.
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$153,800.
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$158,600.
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$151,800.
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